Tax Preparation Help: 5 Tax Deduction Myths

There are a wealth of tax deduction myths, rumors and plain old wives tales during every tax season. Many opt not to get professional tax preparation help and file their own taxes based on misinformation, only to regret it later when the IRS comes c...

Didnt Get An Expected 1099-misc Form?

If you are an independent contractor, you should receive a 1099-MISC form from businesses that paid you more than $600 for your services. Ah, but what if you dont receive one? The 1099-MISC form is misunderstood by most people. It is not a tax retur...

Beware Of Tax Return Preparers

For those who have decided to pay an individual or service to do their taxes they should choose a tax return preparer wisely. If you decide to utilize a paid tax preparer, it is vital that you seek and employ a tax professional that is qualified. No...

Tax Credits And Deductions

Your goal when preparing your taxes is to try to reduce your gross as much as possible. Tax credits and deductions are the tools you use to cut your gross down. Most people focus on tax deductions when preparing their taxes. It is the most common of...

Understanding The Basics Of Business Tax Deductions

When going through the great task of doing taxes for a business, you can easily get trained to a tax philosophy. Specifically, you will always start asking if something is deductible. The IRS is an evil, thieving devil hell bent on stealing every la...

What You Need To Know About Online Tax Filing

Filing your taxes is easier than ever with eFile, the online tax filing service provided by the IRS. Although there are many people who still file the traditional way by snail mail, as many as 73 million taxpayers filed their taxes online in 2006. I...

Finding Someone To Prepare Your Taxes

The tax code and regulations are incredibly complex, but you are assumed to know and understand them all. How scary is that? Unless you have a very simple tax situation, professional help is the way to go. Finding someone to prepare your taxes might...

The Giant Tax Gap And What It Means For You

Keeping up on the latest tax news is probably pretty low on your list of things to do. The continual discuss of a huge tax gap, however, is something you should pay attention to. In the 1990s, the IRS became a whipping boy for politicians. When poli...

Canadas Tax Cheat Internet Spider Us Version Next?

Oh, Canada! In case you havent heard, Canada is going after tax cheats in a very unique way using the Internet. If the effort is successful, one has to wonder how long it will be before the IRS follows suit. The Canada Revenue Agency is the equivale...

2006 Education Tax Deductions You Should Know About

Our education system is a bit of a mess. There is a lot of debate as to why and the blame game is in full motion. Regardless, nobody seems to know how to really fix it. The problem is really two fold. Schools dont have enough money to do the job pro...